1. Careers
Send to a Friend via Email

REMIC

By

Definition:

REMIC stands for Real Estate Mortgage Investment Conduit. It represents a bond backed by a pool of mortgages. As the borrowers pay principal and interest, these funds are transferred to the REMIC holders.

REMICs are effectively a form of asset backed security.

Also Known As: CMO, Collateralized Mortgage Obligation, MBS, Mortgage Backed Security
Examples:
This REMIC is backed by a pool of mortgages purchased from lending banks mationwide.
  1. About.com
  2. Careers
  3. Financial Careers
  4. Glossary
  5. S-Z
  6. REMIC - Real Estate Mortgage Investment Conduit

©2014 About.com. All rights reserved.